How To Find Pay day Loans in Dallas Texas
If you’ve ever hear the term, “In an emergency, one often learns that one’s companions can be of even less help in extraordinary circumstances than they are during an average evening.” So where do you turn to if you’re in need of a few hundred dollars right now? Your friends? Your family? Associates or colleagues? In that whole circle there is likely going to be a few people who can get you that amount of money within a short period of time: : Payday loans to the rescue.
Also, try to get a quick cash advance loan from your bank, Good luck with that. They’ll force you through their tedious application process, do all the fundamental checks (which usually takes forever), and by the time they get it approved, if they eventually do get it approved, you’ll likely be in bigger trouble than when you started.
Why People Use Payday Loans
Emergency: According to an article by cnbc.com, the article reports that 32.5 percent of Americans could not come up with $2,000 within 30 days for an emergency. And according to a poll conducted by health-care information firm Amino. Currently, one-third of Americans would not be able to handle a $100 medical bill without going into debt. With payday loans, getting a short term loan for an emergency as never been easier.
Bad Credit: we all know banks often provide loans to customers who have good credit ratings, and if you don’t have a good credit score, you won’t get a loan. Is your credit score less than perfect? Worry not, because you can still get a cash advance at the same competitive rate
Overdrawn Checking Account: Typically, When you exceed the Overdraft Privileges limit provided by your bank, any additional items will be returned or declined when presented for payment and they are usually subjected to bounced check fees. In most cases, if you have a negative balance for 30 consecutive days, your Overdraft Privileges will be suspended, you could face collection action to recover the negative account balance and also lose checking privileges.
Maxed out Credit cards: Credit cards are designed to allow you to buy now and pay later. Besides that, they’re essential to helping you build a credit history and learning to manage debt responsibly. But what happens when you hit the credit limit and can’t use the card till you pay the balance down?
Bills: One of the reasons people use payday loan is to pay bills: energy, Mortgage/rent, water bills, internet, cellphone/telephone, insurance, car payments.
The Payday Advantage
Compare Costs, Payday Loan May Be Lower
So you have a debt that needs to be repaid, compare the cost of getting the short term loan versus the cost of missing a payment on that debt. Is it an auto note? Would you lose your car if you didn’t make the payment? Is it a mortgage payment? Would your lose your house if you didn’t make the payment? The cost of fees in a cash advance (payday loan) is probably lower than the cost of losing your beloved car or your property, in which case the payday loan would make sense. Those are more extreme cases but what about if you mailed off a check and didn’t have the bank funds? Pay a little more in fees to the cash advance shop or get socked with a $45 overdraft fee?
It’s Strictly Business
It’s going to cost you some money at a payday loan store but it’ll cost you more in terms of emotional expenses if you borrow that kind of money from family and friends. It’s all business and zero emotion with a payday loan company but when you borrow from friends and family, you tax the relationship.
No Credit Check
This is part of the reason why the application process is much shorter, no need to run your credit history and air out your dirty laundry. This also means that the loan won’t ever appear on your credit history unless you fail to pay back the loan. So the net result is that you get a loan, some short term help, and it never appears on your credit history – the best of both worlds.
No Restrictions: payday loans generally have no restrictions, which means you can use the money for anything you wish: rent , food and utilities, repair bill, medical emergency, unexpected travel needs .
Convenience: With no judgmental phone calls or tedious paper works, you can easily get cash advance.payday lending institutions are often open outside of regular banking hours, which allows you to obtain emergency cash loans at any time. Payday lending institutions also have an online presence, allowing you to apply for loans online.
Payday Loans Are Affordable
Despite most payday loans’ APR rates being much higher than conventional loans, Payday loans
are actually very affordable. This is because payday loans are designed for short-term use only. You pay no more than $25 for every $100 you borrow – depending on which lender is providing you with the loan. There are no hidden costs or other charges to worry about.
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